Daraz CEO Bjarke Mikkelson Exclusively in Conversation with Bloomberg News 0 832

On 22nd April 2020, Daraz Founder and CEO, Bjarke Mikkelson, had an exclusive discussion with Bloomberg News.

In the conversation, Bjarke introduced Daraz as an e-commerce businesss that operates across several categories. He also mentioned that Daraz is operating in 5 Asian countries with around half a billion people. These countries include: Pakistan, Bangladesh, Sri Lanka, Nepal and Myanmar.

He then went on to talk about how the pandemic has affected the business operations. Bjarke said that some impacts are short-term while others are more long term in nature. The three main impacts he identified were:

  1. The Physical Impact due to the lock-down and curfew situation. Although this is a short-term effect but it’s had a significant impact on Daraz deliveries. Right now, Daraz is making 60-70% of the deliveries through its own logistic companies. He also added that Daraz has been having very optimistic discussions with the Government and they expect to get stable logistics infrastructure in 1-2 weeks.
  2. The Work from Home situation has been a challenge for everyone. However, Bjarke said that he has been “incredibly positively surprised” with how work from home has worked out thus far. According to him, the situation has also provided a learning opportunity on how we can deploy the power of digital work-space to engage employees and improve productivity. He found this to be a positive impact.
  3. And lastly, the surge in customer demand for essential products.

Talking about growth witnessed by Daraz across the 5 countries, Bjarke said that Daraz’s Bangladesh business and Sri Lankan business have seen the most growth – around 200% year on year. He attributed this large growth to factors like infrastructure investments paying off, good government regulations and policies and finally, having the right team on the ground.

When asked if this situation is going to pace up the shift from offline to online, Bjarke commented that although that’s inevitable, it’s not what Daraz is fighting for right now. He said that the current fight is to make sure that the economy and businesses return to track.

“If we have a bigger share of a small pie, we know that’s not something which is good for anybody”, commented Bjarke.

He further added that Daraz’s strategy is the same as it was before the pandemic situation which it to have the largest assortment from local and international suppliers, to use their technology to create convenience, to give a fun experience on the app and to provide a high quality service across all channels.

Regarding the Alibaba acquisition, Bjarke said that it has had 3 major impacts on Daraz:

  1. Daraz now has a technology platform powered by Alibaba which is perhaps the best in the world. He said that setting up a small e-commerce business isn’t that hard but managing a huge marketplace with millions of customers, thousands of effective sellers and more than 20 million products is very challenging and having strong tech really helps.
  2. The supply chain has significantly improved and Daraz is now not only selling cross-border, but has also integrated it’s whole supply chain to efficiently deliver to the end consumer.
  3. Daraz can now take Alibaba’s help on dealing with challenges that may be new for Daraz, but are not new for Alibaba. Alibaba has extensive knowledge and experience in the industry and it has shown great support every time Daraz has reached out.

Finally, Bjarke said that while the Covid-19 will have short-term effects, the situation will accelerate the shift from offline to online. He said that the market is pointing in the right direction and Daraz is very optimistic to see a 100%+ growth in the coming years.

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What is the 1 Taka Game? How Can You Be the Winner of the 1 Taka Game? 0 5

The 1 Taka Game is an event in which you can buy high value products at only 1 Taka. During the sale day, spend 1 Taka in your Daraz app on a certain product. Afterwards, lucky winners will be chosen and announced at a later date. They will be able to get that product with that 1 Taka only. This is how the 1 taka game works.  Among the shopping voucher codes and contests, the 1 Taka Game holds a special place among Daraz users.

If you ever wanted a dream product like car or bike, the 1 taka game may just be the deal for you!

Hence, there are some Terms and Conditions for 1 Taka Game that you need to know right away. 

1 Taka Game Rules

  • You can play 1 taka game on the Daraz App only
  • The contest will run for the duration of the Campaign day
  • Only verified users of the Daraz app will be allowed to play
  • The winners will be announced at a later date.

Payment and Checkout Aspects

To avail for the 1 Taka game, you need to follow some payment and checkout procedures. The users have to checkout for the product. You need to pay by only bKash to be eligible to play the game. Later, the participants who can’t be able to win in the 1 taka game will receive refunds to their bKash account. The 1 taka you pay only counts as your entry fee and not an actual purchase. So, it’s not even 1 taka you are paying. Moreover, the employees of Daraz and their relatives are excluded from participating in the contest for fairness reasons.

1 Taka Game: A Daraz Regular

The 1 taka game has been a staple of Daraz’s yearly shopping extravaganza 11.11 sale campaign of Daraz. Each year the 1 Taka game is on the block for Daraz’s annual sale, and there are big prizes each year up for grabs. Each year winners walk away with products over lakhs of taka, like: Cars, Motorcycles, mobiles, Air Conditioners, televisions, washing machines, refrigerators, microwave ovens and so much more. What will be up for grabs this year? To know the details, connect with the daraz online shopping website and app.

Keep a lookout

The 1 Taka Game is a very tempting contest for users of Daraz. You might be able to buy your dream car & bike or maybe that air conditioner that you always wanted or any most necessary product but by only paying just 1 taka! Follow the Daraz app to know when the 1 taka game will be available. Maybe you are the one who might just take your dream product home by paying 1 Taka only!

See you at the biggest online shopping carnival Daraz 11.11 Sale 2021. For the time being install the Daraz app now.

World Cup T20 Squads: Bangladesh 0 32

Team Bangladesh:

Bangladesh are going into this year’s T20 World Cup with great confidence. With series victories against Australia and New Zealand securing the 6th spot in the rankings. They will have momentum with them.  Bangladesh will play in Group 1 in this edition of the T20 World Cup.

Player Name Playing Role
Mahmudullah Middle Order Batsman & Captain
Mohammad Naim Sheikh Left Arm Opening Batsman
Soumya Sarkar Opening batsman & All-rounder
Liton Das Wicket Keeper Batsman
Shakib Al Hasan All-Rounder
Mushfiqur Rahim Wicket Keeper Batsman
Afif Hossain Batting All-Rounder
Nurul Hasan Sohan Wicket Keeper Batsman
Mahedi hasan off-Spinning All-Rounder
Nasum Ahmed Left Arm Spinner
Mustafizur Rahman Left-Arm Pacer
Shoriful Islam Left-Arm Pacer
Taskin Ahmed Right Arm Pacer
Mohammad Saifuddin Bowling All-Rounder
Shamim Hossain Batting All-Rounder

Travelling Reserves: Aminul Islam Biplob, Rubel Hossain

World Cup T20 Squads: Sri Lanka 0 19

Team Sri Lanka:

The 2014 T20 Champions are coming to this year’s T20 World Cup with a new and young squad with hopes of going long in the tournament. They will be playing in Group 1.

Player Name Playing Role
Dasun Shanaka Batting All-Rounder and Captain
Kushal Perrera Left Handed Opening Batsman
Dinesh Chandimal Wicket Keeper Batsman
Dhananjaya De Silva Batting All-Rounder
Pathun Nissanka Right Handed Batsman
Charith Asalanka Batting All-Rounder
Avishka Fernando Right Handed Opening Batsman
Bhanuka Rajapaksa Right Handed Batsman
Chamika Karunaratne Right-Arm Medium Fast Bowler
Wanindu Hasaranga Leg Spinning All-Rounder
Dushmantha Chameera Right Arm Fast Bowler
Lahiru Kumara Right Arm Fast Bowler
Maheesh Theekshana Mystery Spinner
Akeela Dhananjaya Left Arm Wrist Spinner
Binura Fernando Left Arm Medium pace

No travelling reserves in the team.

World Cup T20 Squads: West Indies 0 22

Team West Indies:

The Defending Champions this year will hope to carry on their merry ways in this year’s T20 World Cup. Their team is filled with stars of the international T20 arena and will hope they become the first successful title defenders in the history of the World Cup T20s.

Player Name Playing Role
Kieron Pollard Batting All-Rounder and Captain
Nicolas Pooran Wicket Keeper Batsman and Vice Captain
Fabian Allen Bowling All-Rounder
Dwayne Bravo Bowling All-Rounder
Roston Chase Batting All-Rounder
Andre Fletcher Right Handed Opening Batsman
Chris Gayle Left Handed Opening Batsman
Shimron Hetmyer Wicket Keeping Batsman
Evin Lewis Right Handed Opening Batsman
Obed McCoy Left Arm Fast Bowler
Lendl Simmons Right Hand Batsman
Ravi Rampaul Right Arm Pacer
Andre Russell All-Rounder
Oshane Thomas Right Arm Fast Bowler
Hayden Walsh Jr Leg Spinner

Travelling Reserves: Darren Bravo, Sheldon Cottrell, Jason Holder, Akeal Hosein.